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Macro Stock Hits New 52-Week Low (BMA)

Macro Bank (NYSE:BMA) hit a new 52-week low Wednesday as it is currently trading at $13.12, below its previous 52-week low of $13.30 with 68,186 shares traded as of 12:43 p.m. ET. Average volume has been 197,000 shares over the past 30 days.

NEW YORK ( TheStreet) -- Macro Bank (NYSE: BMA) hit a new 52-week low Wednesday as it is currently trading at $13.12, below its previous 52-week low of $13.30 with 68,186 shares traded as of 12:43 p.m. ET. Average volume has been 197,000 shares over the past 30 days.

Macro has a market cap of $813.6 million and is part of the financial sector and banking industry. Shares are down 28.6% year to date as of the close of trading on Tuesday.

Banco Macro S.A. provides banking products and services to individuals, entrepreneurs, companies, and corporate customers in Argentina. The company has a P/E ratio of 0.7, below the average banking industry P/E ratio of three and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Macro as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Macro Ratings Report.